Aggregate demand refers to the relationship between
A. prices and the quantity of a good supplied.
B. prices and the quantity of a good demanded.
C. the price level and aggregate output supplied.
D. the price level and aggregate output demanded.
Answer: D
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The Plaza Accord of 1985 announces that the
A) G-5 countries will intervene in the foreign exchange market to bring about a dollar appreciation. B) G-7 countries will intervene in the foreign exchange market to bring about a dollar depreciation. C) G-5 countries will intervene in the foreign exchange market to bring about a dollar depreciation. D) G-7 countries will intervene in the foreign exchange market to bring about a DM depreciation. E) G-5 countries will not intervene in the foreign exchange market unless the dollar needs to appreciate.
The institution of private property encourages:
A. easy exchange of some property because a formal title or deed exists. B. lack of easy exchange because ownership is sometimes hard to prove. C. lack of incentives because the owner is responsible for maintenance costs. D. lack of maintenance because people are not forced by law to do it.
The Bretton Woods conference set up the ______ to supervise a system of ______ exchange rates.
Fill in the blank(s) with the appropriate word(s).
The United States is the only country to face increasing inequality in their income distribution in the last several decades.
Answer the following statement true (T) or false (F)